The 27 EU member states are trying to hammer out an agreement that can be implemented by the end of the year. The commission on Tuesday proposed to limit the price of the upcoming contract on the TTF market. TTF accounts for around four-fifths of gas trading in the bloc.

Despite having already spent hundreds of billions of euros ensuring storage sites are filled this winter and providing support to households and businesses, the strain on public funds as well as pain for households and businesses are likely to continue next year.

China and India now purchase two-thirds of all the crude exported by sea from Russia; at least half of the crude exported by pipeline from Russia also goes to China.

Brent rose by 41 cents, or 0.48%, to trade at $85.75 a barrel, WTI went up by 57 cents, or 0.73%, from Wednesday's close to $78.51 a barrel.

OPEC producers UAE and Saudi Arabia have denied a media report that suggested OPEC+ members are planning on increasing crude production by 500,000 barrels per day ahead of their next meeting on December 4.

Failure to reach a deal would send a signal that the EU’s united response to the war-driven energy crisis is falling apart -- a political gift for Moscow that Europe is keen to avoid.

С обеих сторон дана положительная оценка совместной с участием России и Ирака работе в рамках «ОПЕК плюс», позволяющей обеспечивать стабильность мирового нефтяного рынка.

U.S. commercial crude oil inventories decreased by 3.7 million barrels to 431.7 million barrels.

U.S. Rig Count is up 2 from last week to 784, Canada Rig Count is down 7 from last week to 194.

Brent dropped 15 cents, or 0.2%, to $88.21 a barrel, WTI lost 9 cents, or 0.1%, to $80.86 a barrel.

Exceptionally mild weather across Northwest Europe since October has led to a sharp drop in gas prices from record levels over the summer.

Brent had slipped 74 cents, or 0.8%, to $86.88 a barrel, WTI were at $79.40 a barrel, down 68 cents or 0.9%.

Oil imports from Russia rose 16% to 7.72 million tons last month, a volume topped only by Saudi Arabia, according to Chinese customs data.

«Практически единодушное мнение, что глобальная экономика входит в период сильных потрясений, которые дополнительно усугубляются климатическими проблемами и нерешёнными проблемами технологического развития», – отметил первый вице-премьер.

U.S. Rig Count is up 3 from last week to 782, Canada Rig Count is up 1 from last week to 201.